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Life insurance adequacy

  • On 08/02/2018
Life insurance in Australia is sold through three different channels, all of which are under scrutiny.  Direct sales fill some needs but they are often relatively poor value, as evidenced by the current ASIC investigation into this segment.  Similarly, intermediated retail sales are comprehensive but profitability has been challenging for most life companies in recent […]
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More complexity for means-testing of the Age Pension

  • On 25/01/2018
When the Financial System Inquiry published its final report in November 2014, it introduced the concept of Comprehensive Income Products in Retirement (CIPRs).  These retirement income streams would have the objective of allowing retirees to pool mortality risks while increasing the amount of their pension payments, and therefore their living standards. Despite a lengthy consultation […]
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Rice Warner announces senior appointment

  • On 18/01/2018
Rice Warner is a leader in providing consulting, research and technology solutions to financial services participants, partnering with clients to improve their business results. Rice Warner is pleased to announce the appointment of Wayne Kenafacke, as a Senior Consultant. Wayne brings with him a wealth of knowledge spanning over 20 years of superannuation, financial advice, […]
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Our $2.7 trillion superannuation industry

  • On 14/12/2017
The September edition of APRA’s quarterly superannuation performance statistics appeared to show remarkable growth for the quarter.  Assets were $2.5 trillion at 30 June 2017, which was $200b higher than the original stated figure of $2.3 trillion. The difference has arisen because of a change to accounting standards – specifically AASB 1056 Superannuation Entities.  This […]
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